In addition to that, the main function is that it's entirely decentralised, which means that there's no single key place of authority or such a thing like that. The implications with this is completed by everyone having the full duplicate of all the transactions which have ever happened with Bitcoin. That creates an incredibly strong system, which means that there is no-one to change or reverse or police any of the transactions.

The advanced level of anonymity within implies that it's very hard to trace transactions. It's not completely difficult, but it's impractical generally in most cases. Therefore crime with cryptocurrency-- because you've got rapidly, borderless transactions,

and you've got a advanced of anonymity, it the theory is that produces a method that is ready for exploitation. So typically when it's an offense on the web with on the web cost methods,

then they tend to visit the authorities and, say, we could hand over that cost information or we could end these transactions and reverse them. And nothing of that may occur with Bitcoin, so that it causes it to be ripe for thieves, in theory.

In gentle with this, a lot of different agencies are studying into Bitcoin and looking at Bitcoin and attempting toprivate key wallet with balance know how it performs and what they can do to police it. It's already been in the press quite a few occasions,

and the press, being the media, like concentrate on the poor part of it. So they concentration really heavily on the crime with it. So if there's a robbery or a con or something that way, then they often blame it on Bitcoin and Bitcoin users.

Therefore the absolute most notable is probably Cotton Path, which got taken down recently, and through their $1.2 billion worth of Bitcoins, went to fund such a thing from drugs to guns going to guys to those kinds of things. And the press, again, rapidly at fault that on Bitcoins and state that it was the Bitcoin user's fault.

But there's really almost no proof the degree of the problem of crime with cryptocurrencies. We don't know if there's a great deal or we don't know if there's a little. But regardless of this, persons are extremely rapid to model it as a offender thing, and they your investment reliable uses, including the fast and quick payment.

Therefore several study questions I'm considering of this type is what does offense with Bitcoin appear to be? Therefore plenty of persons may say that cons and thefts have been planning on for ages. But the suggests through that they occur changes with the technology. Therefore a Victorian block swindler could almost be performing anything very different to a 419 Nigerian prince scammer.